Poland remained the largest market for Ukrainian exports and the second-largest supplier of goods to Ukraine during January–July 2026, according to data from the State Customs Service.
Ukraine exported $2.8 billion worth of goods to Poland, while Polish exports to the Ukrainian market totaled $5.5 billion.
Thus, the total trade volume between the two countries over the seven-month period reached approximately $8.3 billion.
Ukraine’s bilateral trade balance in goods was negative by approximately $2.7 billion.
Poland accounted for about 11.6% of Ukraine’s total goods exports and approximately 9.5% of its imports.
Turkey became the second-largest market for Ukrainian goods, with exports totaling $2 billion, while Germany ranked third with $1.5 billion.
In terms of the volume of imports into Ukraine, China took first place by a wide margin, with $16.8 billion. Germany ranked third after Poland, with $3.8 billion.
Overall, Ukraine’s merchandise imports for January–July rose by 26.6% to $58.1 billion, while exports increased by 3.8% to $24.1 billion.
According to “Serbian Economist”, Ukrainian President Volodymyr Zelenskyy will pay an official visit to Serbia on August 8 and meet with Serbian President Aleksandar Vučić in Belgrade. The Serbian president’s press service has officially confirmed the visit. This will be Zelenskyy’s first visit to Serbia during his presidency.
A detailed agenda for the talks has not yet been published. However, judging by the contacts between Belgrade and Kyiv in recent months, the central topics are likely to include bilateral relations, the European integration of both countries, the expansion of economic cooperation, a possible free trade agreement, regional security, and Serbia’s participation in Ukraine’s reconstruction.
In May, Zelenskyy and Vučić had already discussed the development of bilateral relations over the phone. At that time, the Ukrainian president placed particular emphasis on resuming negotiations on a free trade zone with Serbia. Vučić, for his part, cited economic cooperation as one of the key areas for further rapprochement between the two countries.
Following this, talks between representatives of the two countries’ governments took place in Belgrade. On May 21, Serbian Minister of Domestic and Foreign Trade Jagoda Lazarević and Ukrainian Deputy Prime Minister and Trade Representative Taras Kachka signed a joint statement on the continuation of negotiations on a free trade agreement. At the same time, a Serbian-Ukrainian business forum was held with the participation of representatives from about 30 companies.
The upcoming visit continues a noticeable revival of political contacts between Belgrade and Kyiv.
In June 2025, Vučić visited Ukraine for the first time since the start of the full-scale Russian-Ukrainian war, taking part in the “Ukraine–Southeast Europe” summit in Odesa. At that time, he reaffirmed Serbia’s support for Ukraine’s territorial integrity and offered Serbia’s participation in the reconstruction of one or more Ukrainian cities or regions.
On July 15, 2026, Vučić was in Ukraine again—for the 5th “Ukraine–Southeast Europe” summit in Kyiv.
At the same time, Serbia’s position on the war remains unique. Belgrade supports Ukraine’s territorial integrity and has voted in favor of a number of relevant international documents, provides humanitarian aid, but has not joined the EU sanctions against Russia. Vucic has also repeatedly avoided signing certain regional declarations insofar as they called for increased pressure on Moscow.
Therefore, the very fact of the Ukrainian president’s visit to Belgrade carries political significance: Serbia is attempting to simultaneously maintain traditional relations with Russia, develop relations with Kyiv, and continue its path toward EU membership.
Another topic of discussion could be the new regional Carpathian Initiative proposed by Ukraine. Zelenskyy has previously stated that Serbia, in particular, is planned to be involved in the initiative, and cooperation could cover the economy, logistics, security, tourism, and Ukraine’s reconstruction.
The economic aspect of the visit is particularly relevant against the backdrop of the resumption of bilateral trade.
According to official data from the Serbian Ministry of Foreign Affairs and the country’s Statistical Office, trade between Serbia and Ukraine totaled 391.8 million euros in 2025. Serbia exported goods worth 179.6 million euros to Ukraine and imported Ukrainian products worth 212.2 million euros. Thus, the trade balance remained in Ukraine’s favor by approximately 32.6 million euros.
In dollar terms, according to Marko Čadež, president of the Serbian Chamber of Commerce and Industry, bilateral trade reached $442.2 million, practically returning to the level of the last pre-war year, 2021. Serbian exports totaled $202.9 million, while Ukrainian exports to Serbia amounted to $239.3 million. About 900 Serbian companies conduct trade with Ukraine, including approximately 670 that import Ukrainian goods.
PJSC “Tobacco Company ‘V. A.T. – Pryluky” (Chernihiv Oblast), a subsidiary of British American Tobacco (BAT), increased its revenue by 3.8% in January–June 2026 compared to the same period in 2025, reaching 2.813 billion UAH.
As reported by the company in the National Securities and Stock Market Commission’s (NSSMC) disclosure system, its net profit rose by 28.2% to 374.5 million UAH.
According to the financial statements, the company’s gross profit for the first half of the year increased by 7.3% to 525.9 million UAH, while operating profit rose by 22.6% to 372.9 million UAH.
As of June 30, 2026, the assets of PJSC “A/T Tobacco Company ‘V.A.T.-Pryluky’” totaled 17.439 billion UAH, compared to 14.986 billion UAH at the beginning of the year.
Compared to the first quarter, the number of employees at the company decreased by 10 and currently stands at 374.
The company’s equity increased to UAH 13.639 billion from UAH 13.579 billion, while current liabilities rose to UAH 3.687 billion from UAH 1.296 billion.
According to the report, “V.A.T. Pryluky” is one of the largest manufacturers and exporters of tobacco products in Ukraine. It produces cigarettes under international brands and a national local brand, as well as TVEN.
According to the National Securities and Stock Market Commission (NSSMC), 100% of the shares are owned by Precis (1814) Limited (United Kingdom).
As previously reported, in 2025, the company’s net profit fell by 37.3% compared to 2024—to 413.6 million UAH—amid an 11.8% decline in net revenue to 5.04 billion UAH.
In April–June 2026, Ukrsibbank (Kyiv) increased its pre-tax profit by 19.4%, or 342.9 million UAH, to 2.11 billion UAH, while net profit decreased by 11.7%, or by 156.9 million UAH, to 1.18 billion UAH.
According to the bank’s interim consolidated financial statements, Ukrsibbank’s net interest income increased by 10.1% to 3.44 billion UAH, and net fee and commission income rose by 13.9% to 450.0 million UAH.
Profit from foreign currency transactions decreased by 21.8% to 195.5 million UAH, while profit from foreign currency revaluation increased by 80.9% to 959,000 UAH.
In the second quarter, the bank recorded a loss of 7.8 million UAH from the impairment of financial assets, compared to a loss of 290.5 million UAH a year earlier.
Employee compensation expenses rose by 14.1% to 1.16 billion UAH, while other administrative and operating expenses increased by 11.3% to 522.7 million UAH.
For the first half of 2026, Ukrsibbank’s pre-tax profit rose by 1.1% to 3.61 billion UAH, while net profit fell by 30.3% to 1.85 billion UAH.
The bank’s net interest income for the half-year rose by 11.1% to 6.78 billion UAH, while net fee and commission income increased by 7.4% to 843.6 million UAH.
Loans and advances to customers have increased by 2.8% since the beginning of the year, reaching 22.60 billion UAH. In particular, loans to consumers rose by 29.5% to 4.57 billion UAH, while loans to corporate clients decreased by 2.2% to 17.91 billion UAH, and mortgage loans fell by 13.1% to 126.7 million UAH.
Investments in securities for the first half of the year rose by 6.8% to 112.88 billion UAH. Specifically, investments in government debt instruments increased by 6.7% to 54.01 billion UAH, and investments in corporate debt instruments rose by 5.6% to 13.43 billion UAH.
Ukrsibbank’s customer deposits have grown by 4.3% since the beginning of the year, reaching 162.97 billion UAH. Balances in time deposits increased by 2.5% to 49.12 billion UAH, in demand deposits by 39.3% to 13.73 billion UAH, and in checking accounts by 3.8% to 96.12 billion UAH.
The bank’s total assets increased by 4.9% to 195.46 billion UAH, and its equity rose by 6.8% to 29.07 billion UAH.
The number of Ukrsibbank branches decreased to 214 in the first half of the year from 220 at the beginning of the year.
In terms of ownership structure, Ukrsibbank is owned by BNP Paribas (France)—60%—and the European Bank for Reconstruction and Development (EBRD)—40%.
According to the National Bank, as of June 1, 2026, Ukrsibbank, with total assets of 196.69 billion UAH, ranked eighth among Ukraine’s 58 solvent banks.
asset, BANK, LOAN, PROFIT, UKRSIBBANK
A new digital service from the Kyiv City State Archives has gone live on the Kyiv Services Portal; residents can now submit requests for archival information remotely, according to Valentin Mondriivskyi, deputy head of the Kyiv City State Administration (KCSA).
“We are continuing to digitize city services to make them as accessible and convenient as possible for residents. From now on, you can submit a request to the Kyiv City State Archives, receive an invoice, pay for the service, and track the status of your request all in one place—on the Kyiv Services Portal,” noted Valentin Mondriyevsky.
The new service brings together all the key steps for interacting with the archives within the user’s personal account. With its help, users can request information about births, marriages, or deaths; confirm property rights; obtain information about the renaming of streets, institutions, and other locations; and submit a free-form request regarding documents stored in the Kyiv City State Archives.
According to the Kyiv City State Administration, the official website of the Kyiv City State Archives was also updated in conjunction with the launch of the service.
Individuals, sole proprietors, and legal entities can use the new service. “Submitting an application takes about 10 minutes. After reviewing it, archive specialists assess whether the request can be fulfilled and generate an invoice based on the complexity of the search work. The service is provided within one month,” the Kyiv City State Administration emphasizes.
According to Valentin Mondrievsky, the development of digital services remains one of the city’s priorities. “Online access to archival services is especially important for those who live outside Kyiv or abroad, as well as for those who are unable to visit the archive in person. At the same time, the option to receive the service in person at the Kyiv City State Archive remains available.”
“VF Ukraine” (“Vodafone Ukraine,” VFU), Ukraine’s second-largest mobile operator, increased its net profit by 4.3% in January–June 2026 compared to the same period last year, reaching 2.161 billion UAH.
According to the company’s interim condensed financial statements, its revenue grew by 10.3% to 13.869 billion UAH.
According to the report, gross profit for the first six months of this year rose by 4.4% to 7.998 billion UAH, while operating profit decreased by 2.4% to 4.321 billion UAH.
OIBDA for the first half of 2026 increased by 3.8% compared to the same period in 2025, reaching 7.331 billion UAH, while the OIBDA margin stood at 53%, down from 56% last year.
The mobile operator’s capital expenditures for the first six months of this year decreased by 0.8% to 3.169 billion UAH.
It is noted that during January–June 2026, VF Ukraine provided non-repayable financial assistance to its subsidiary, Farlep-Invest PJSC, in the amount of 160 million UAH, compared to 310 million UAH for the corresponding period in 2025.
According to the report, as of June 30 of this year, the mobile operator’s investments in “Farlep-Invest” were valued at 1.808 billion UAH, in LLC “Frinet”—677.4 million UAH, and in LLC “Ukrainian Network Solutions”—3.242 billion UAH.
VF Ukraine’s equity as of mid-year stood at 15.583 billion UAH, compared to 14.123 billion UAH at the beginning of the year.
The report notes that VF Ukraine’s net profit in the second quarter of 2026 increased by 5.4% compared to the same period last year—to 1.254 billion UAH—amid a 10.3% rise in revenue to 7.102 billion UAH.
In the second quarter of 2026, VF Ukraine’s gross profit rose by 5.9% to 4.212 billion UAH, while operating profit decreased by 1.3% to 2.392 billion UAH.
The company added that in June of this year, it also entered into a supplementary agreement with its parent company, Telco Investments B.V., to increase a U.S. dollar-denominated credit line from the equivalent of 660 million UAH to the equivalent of 1.32 billion UAH. The credit line carries a fixed interest rate of 10% per annum and is due for repayment in 2028. As of the reporting date, the company had received 693.4 million UAH, which was deposited into the mobile operator’s foreign currency account at a foreign bank to repay bond debt.
Among other things, the report mentions the completion of construction of a new submarine cable system across the Black Sea, which will connect Ukraine to the international transit route between Europe and Asia (the “Kardesa” system). Completion is expected within five years, and the total amount of expenditures the company plans to incur is estimated at approximately EUR 65 million.
As of June 30, 2026, project expenses related exclusively to construction-in-progress assets, which were not material for these interim condensed separate financial statements, the company clarified. “An impairment test was conducted, and the results showed no signs of impairment,” the operator emphasized.
As previously reported, “Vodafone Ukraine” increased its net profit by 12% in January–March 2026 compared to the same period last year, reaching 778 million UAH.
In 2025, the company increased its revenue by 14% compared to the previous year—to 27.8 billion UAH—while its net profit rose by 18%—to 4.18 billion UAH.
INVESTMENT, PROFIT, REVENUE, telecommunications, VODAFONE UKRAINE
